Project Risk Management Model Based on PRINCE2 and Scrum Frameworks

Abstract: There is a lack of formal risk management techniques in agile software development methods Scrum. The need to manage risks in agile project management is also identified by various authors. Authors of this paper conducted a survey to find out the current practices in agile project management. Furthermore authors discuss the new integrated framework of Scrum and PRINCE2 with focus on risk management. Enrichment of Scrum with selected practices from the heavy-weight project management framework PRINCE2 promises better results in delivering software products especially in global development projects.